What is generative AI in anti–money laundering? Banks are using GenAI to look for related terms that aren’t hard-coded into the rules engines of traditional AML software, to identify tough-to-spot relationships among transactions, and to create narratives for suspicious activity and other report...
Purpose ? To show that the new Money Laundering Act 2004 is tougher on criminals than previous legislation in Nigeria. Design/methodology/approach ? Examines the Act in detail. Findings ? Despite its new toughness, the Act still needs further enhancements in order to achieve 100 per cent ...
The criminal law has provisions for every possible kind of crime that would be committed in Nigeria. However, there are several crimes that are not under criminal law but have their own specific laws. An example is the Money Laundering Act which deals with financial crimes relating to money ...
The final Nigerian offensive began on January 7, 1970, two days later the city of Owerri fell. General Odumwegu-Ojukwa fled toKot-dwith his family and several members of the Biafran government on the night of January 10-11. His successor Philip Efiong signed an act of unconditional surren...
result of crude oil theft. This has reduced oil revenues, which ought to have added to the national treasury. The Petroleum Production and Distribution (Anti-Sabotage Act) 2007, which proscribes disruption of petroleum products in Nigeria, has not been diligently enforced. There is also an ...
Combating the Crimes of Money Laundering and Terrorism Financing in Nigeria: A Legal Approach for Combating the Menace. J. Money Laund. Control 2022, 2022. [Google Scholar] [CrossRef] Olujobi, O.J. Combating Insolvency and Business Recovery Problems in the Oil Industry: Proposal for ...